METL.AS - Risk

Risk & Diversification Scores

Transparent evaluation of price volatility (SRI) and 4-dimensional portfolio diversification.

Volatility Risk Score

7/7 Very High

7 / 7 SRI PRIIPs Risk Class

Very high volatility or fundamental risks. Significant loss potential; strictly for aggressive investors.

Volatility (3Y)

37.3% p.a.

Fallback

Max Drawdown (3Y)

-39.6%

Fallback

Sharpe Ratio

0.62

Good (0.5 - 1.0)

Rec. Holding Period

10+ Years

Investment Horizon

Speculative / High Risk: Score Basis:

Diversification Score

Focused (35% – 50%)

26 / 100 Portfolio Diversification

4 Dimensions: Holdings (30%) • Sectors (25%) • Industries (25%) • Regions (20%)

Focused weighting: Top holdings drive a major share of fund returns.

Top 10 Holdings

44.8%

Focused

Effective Holdings

~44

of 125 holdings

Top Sector

96.7%

Basic Materials

Top Region / Country

20.7%

Canada

Elevated concentration in top individual holdings, leading sectors, or key regions.

Multi-Horizon Risk & Performance Matrix

Historical volatility, drawdowns, and risk-adjusted return across 1, 3, 5, and 10 years.

Timeframe	Volatility (p.a.)	Max Drawdown	Sharpe Ratio	Return (p.a.)
1 Year	—	—	—	+44.7%
3 Years	37.3%	-39.6%	0.62	+25.4%
5 Years	—	—	—	—
10 Years	—	—	—	—

Notes & Warnings

🟢 Favorable / fair valuation: Avg P/E of 15.2

🟢 Deep market liquidity & capital coverage (Tier 1)

🟢 Established large fund (> 500M € AUM)

🟡 Moderate analyst coverage (11.6 analysts)

⚠️ Elevated emerging markets risk: 43% Emerging Markets.

🔴 Severe sector concentration risk: 97% in "Basic Materials".

⚠️ Industry concentration: 36% in "Other Industrial Metals & Mining".

⚠️ Industry concentration: 35% in "Copper".

🔴 Growth estimates are hyper-concentrated: Top 3 growth drivers account for 90% of total forward growth.

🔴 High Commodity Concentration: 100% of fund depends directly on volatile energy and raw material markets.

🔴 Dominant Cyclicality: 100% in cyclical industries – higher drawdown risk in recessions.